Tennessee’s state legislature is currently considering several proposals for increasing state tax revenues to cover newly emerging budget deficits. The following analysis compares the distributional effects of two proposals that would create broadbased income taxes in Tennessee. Read the Full Report (PDF)
A recent report by the National Taxpayers Union (NTU) tries to make the case that adoption of an income tax in Tennessee would stunt the growth of the state’s economy and cause a sharp rise in state government outlays. NTU’s arguments, however, are unpersuasive. Read the Full Report (PDF)
A recent report by the National Taxpayers Union (NTU) tries to make the case that adoption of an income tax in New Hampshire would stunt the growth of the state’s economy and cause a sharp rise in state government outlays. NTU’s arguments, however, are unpersuasive. Read the Full Report (PDF)
October 7, 1999 • By ITEP Staff
The proposal being considered, to create an alternative flat-rate income tax of 5.75 percent of Federal Adjusted Gross Income, with an exclusion for capital gains income for assets held more than five years, would be a significant tax cut targeted exclusively to the wealthiest people in Rhode Island. Ninety-eight percent of the benefits of this […]
First, is Kentucky a low or high tax state? The best measure of overall tax level, in my view, is taxes as a share of personal income. By that measure Kentucky is close to the national average. Because there are many other states also close to the national average, Kentucky’s rank among the states goes […]
June 15, 1999 • By ITEP Staff
In recent years, the tax treatment of capital gains income has been one of the most hotly contested issues in federal tax policy. This debate has recently spilled over onto the state level in Oregon with the consideration of SB 535. Oregon’s personal income tax currently subjects capital gains to the same graduated rate structure […]
May 15, 1999 • By ITEP Staff
Oregonians will soon be considering whether to allow taxpayers to deduct more of their federal income taxes from the Oregon personal income tax. Under current law, Oregon taxpayers can deduct up to $3,000 of federal personal income tax on their Oregon tax returns. One proposed change pending before the Legislative Assembly would increase this limit […]
Since the beginning of 1995, a series of tax changes have been enacted that are reducing New York State tax collections by several billions of dollars per year. One question which has not been adequately examined in this tax-cutting period has been the extent to which these tax cuts have, or have not, improved the […]
February 15, 1999 • By ITEP Staff
An analysis of more than 550 Minnesota economic development disclosure reports— tracking more than $176 million in loans, grants, and tax increment financing (TIF) by cities, regional bodies and state agencies—reveals high costs, low wages, and an absence of standards to ensure that job subsidies produce an effective return on taxpayers’ investment. Lacking standards, the […]
Thank you Mr. Chairman and members of the Committee for the opportunity to appear today. I will be discussing three aspects of House Bill 109, the Hager/Below/Fernald Education Funding and Property Tax Relief Plan. I will be addressing the income tax revenue estimate, the distributional impact and the economic impact of this legislation. Read the […]